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$1,350,000
Est. payment /mo
4.58 Acres Lot
UPDATED:
12/05/2024 06:16 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV23018702
Originating Board California Regional MLS
Lot Size 4.580 Acres
Property Description
The subject property consists of two parcels totaling approximately 4.58 acres located on Pierce St just south of Nichols Rd in the City of Lake Elsinore. The property has relatively flat topography and is just south and west of two separate proposed industrial development projects. The site is an approximate 0.5 mile drive to I-15 at Nichols Rd. Furthermore the property is approximately 70 miles from the Ports of LA and Long Beach. The property is currently fenced on all sides and contains a newly renovated 3 bedroom, 2 bathroom single family home. Toward the back of the property is a large barn with a small living quarters/office built above the barn. Buyer to verify all permits for existing structures. The subject property is zoned Single Family Residential which is intended to accommodate low density residential projects with +/-7200 SF lots. Ownership has had positive conversations with the city in regards to a potential rezone. Given the prospective industrial developments to the east and to the north of this site it is believed that there will be favorable support for an industrial rezone at this location.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning D1
Exterior
View Hills, Lake, Other, Valley
Building
Water District - Public
Others
Tax ID 378020018
Special Listing Condition Not Applicable
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Listed by ERIC WASHLE • COLDWELL BANKER COMMERCIAL SC
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Sharad Gupta
Broker | License ID: 02213637
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